Shares of HPL Electric & Power Limited surged after the company announced it has secured smart meter orders worth ₹369.90 crore (inclusive of taxes) from its regular leading customers.
The company disclosed in an exchange filing that these orders are part of its normal business operations and will be executed as per the terms and conditions of the Purchase Order/Supply Agreement.
The announcement reflects the growing demand for smart metering solutions, a key segment in India’s power distribution modernization efforts. HPL Electric’s consistent order wins indicate its strong position in the market and potential for future growth.
Stock Performance
Following the announcement, HPL Electric’s stock witnessed strong buying interest, with investors reacting positively to the company’s continued order inflow.
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